(TCO A) Use the following partial financial statement information below to calculate the liquidity and profitability ratios. This information can be used to correctly solve each of the ratios below.

Average common shares outstanding


Current liabilities


Capital expenditures


Net income


Cash provided by operations


Net sales


Common stock dividends paid


Total liabilities


Current assets


Total assets



Compute the following.

a) Current ratio

b) Working capital

c) Earnings per share

d) Debt-to-total-assets ratio

e) Free cash flow

To earn full credit, you must show the formula you are using, show your computations, and explain the meaning of each of your ratio results.